Watching $SOL drop from 83 to 79, to be honest, I have mixed feelings. Many people have asked me if SOL is still worth buying. I'll say it directly: the current position is actually quite awkward. Technically speaking, the RSI has fallen below 40, and the MACD is also in negative territory. Logically, this oversold condition should lead to a rebound. However, look at the trading volume; it's shrunk to only a quarter of its usual level. What does this mean? Everyone is watching and waiting; nobody dares to make a move. But institutional investors are making frequent moves. Large financial institutions are applying for SOL trusts, and DEX trading volume was still number one in February. But retail investors are experiencing a large-scale outflow of funds. If the support level of 77.12 holds, there might be a small rebound to around 82. But if it breaks, then we'll see a direct drop to 75. Short-term trading strategy: Entry point: If the price retraces to around $77.10 and stabilizes, consider a small long position. Once the price breaks through the resistance level of $82.27 in the short term, consider following the strong upward trend, with a target set around $88.00. Stop-loss and Take-profit: Set a stop-loss at $76.50 to avoid further losses. The short-term take-profit target is $81.50-$82.30, and a break above this level could extend to the $87-$88 range. {future}(SOLUSDT) {spot}(SOLUSDT)
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection45
like48
share